Crypto.com Partners With MyPrize to Expand Prediction Market Services

Core Insights - Crypto.com has formed a strategic partnership with MyPrize to introduce prediction market services within its social gaming network, marking a unique integration of social gaming and prediction markets [1] - The prediction market sector is experiencing significant growth, attracting interest from both cryptocurrency-native businesses and external firms seeking partnerships [2] - Recent initiatives by Crypto.com include a partnership with Hollywood.com for entertainment-related prediction markets and a collaboration with Underdog to incorporate prediction markets into fantasy sports [3] Company Developments - The partnership with MyPrize aims to create a unified platform for users to engage in social gaming and prediction markets, allowing trades on outcomes in sports, politics, and cryptocurrency [1] - Crypto.com has launched a new Level Up rewards system featuring subscription tiers and zero trading fees, enhancing user engagement [3] - The company has made strides in regulatory compliance, filing for a National Trust Bank Charter and obtaining a comprehensive set of derivatives trading licenses from the CFTC [4]